The State Bank of Vietnam published an account of the opening of Sóng Festival – Vietnam Card Day 2025 in Hanoi, where Deputy Governor Pham Tien Dung highlighted progress in the banking sector’s digital transformation and the strong growth of non-cash payments. The remarks framed wider cashless payment adoption, alongside stronger security and consumer protection, as key implementation priorities. The update points to broad deployment of QR codes, mobile payments and biometrics as part of efforts to build a modern, safe and efficient payments infrastructure, with rising non-cash usage cited as supporting transaction transparency and the digital economy. At the event, Deputy Prime Minister Ho Duc Phoc called on the banking and finance sectors and related bodies to invest in technology and digital infrastructure, rapidly expand cashless payment acceptance points nationwide, strengthen security and customer protections, deepen international connectivity, develop digital talent, and step up public communication and training. Pham Tien Dung indicated the State Bank of Vietnam would cascade the Deputy Prime Minister’s directions across the banking sector, with particular attention to rolling out cashless payments more widely in daily life and safeguarding consumers’ legitimate rights and interests.

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